The EURAUD currency pair is currently testing a key trendline resistance, with an attempt to break out. In the event of a successful breakout above 1.6600, we anticipate a potential upward movement towards the next resistance level at 1.6865. However, failure to breach the trendline resistance could result in the pair remaining within its established trend.
Note
EURAUD is facing a tough time breaking through the trendline resistance.Note
The breakout attempt of EURAUD above its trendline appears to have failed, with the currency pair now descending and remaining within its established trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.